Wall Street’s Top Analysts Upgrades, Downgrades & Initiations
$MRO, $NKE, $$STO
Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.
Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Wednesday, as follows:
Marathon Oil Corp. (NYSE: MRO) analysts raised MRO to Overweight from Equal Weight with a 21 price target at Morgan Stanley. Credit Suisse already called an Outperform rating and raised its target to 18.50 from 18.00. The consensus price target is 16.04, and the 52-wk trading range is 6.52 – 27.77.
Nike Inc. (NYSE:NKE) analysts maintained NKE as Buy at Jefferies, but the price target was cut to 67 from 74. The firm said that it expects in-line results when Nike reports earnings next week, the focus should be on the comments and an update to the Y 2017 outlook. The consensus price target is 70.46, and the 52-wk trading range is 47.25 – 68.19.
Statoil ASA (NYSE:STO) was downgraded to Sell from Hold at Deutsche Bank. The consensus price target is 16.43. The 52-wk trading range is 10.89 – 18.61.